MoneyWorks4Me

Lupin, Happiest Minds Technologies and GTT Data Solutions to see some action today

03 Feb 2025 Evaluate

Lupin has announced that the United States Food and Drug Administration (U.S. FDA) has completed a Pre-Approval Inspection (PAI) of Edaravone Oral Suspension, 105 mg/ 5 mL at its manufacturing facility in Somerset, New Jersey. The inspection was carried out from January 28 to February 1, 2025, and concluded with zero 483 observations.

Happiest Minds Technologies has executed Share Purchase Agreements with Gavs Technologies to acquire 100% of business interest of their Middle East business by acquiring viz., InnovazIT Technologies LLC, Dubai; Gavs Technologies LLC, Oman and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology, Saudi Arabia, in accordance with the terms and conditions detailed in the Agreements. The intention of this transaction is to acquire and consolidate existing customer relations, contracts along with a delivery team and consolidate Company’s business presence in the Middle East. The acquisition, valued at $1.7 million, is expected to be completed by March 15, 2025.

The Board of Directors of GTT Data Solutions at their meeting held on February 2, 2025 inter alia considered and approved the acquisition of 100% stake in the Alpharithm Technologies, subject to completion of due diligence and execution of share purchase agreement and fulfilment of conditions therein, if any.

Hero MotoCorp has sold 442,873 units in January 2025. The company dispatched 412,378 units in the domestic market, while its global business maintained strong momentum with 30,495 units -achieving a robust 141% growth over the corresponding period last year (January 2024). This growth was driven by strong demand in key global markets, including Bangladesh and Colombia. The company’s electric vehicle (EV) brand - VIDA, dispatched 6,669 units of the newly launched VIDA V2 electric scooter, which starts at Rs 96,000.

Coal India’s production in January was 77.8 million tonnes, down 0.8 per cent Y-o-Y, but its year-to-date production stood at 621 million tonnes, achieving 74 per cent of the full-year target. The offtake rose by 2.2 per cent to 68.6 million tonnes in January.

Eicher Motors’ Royal Enfield sales grew by 20 per cent to 91,132 units in January. Exports saw a notable increase of 79 per cent, reaching 10,080 units compared to 5,631 units last year.

Newgen Software Technologies has received and accepted a Purchase Order for implementation and Support Services. The aggregate value of the aforesaid Purchase order is Rs 12.92 crore. Duration of Contract is 6 years. 

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